Kanzhun Limited (NASDAQ:BZ) Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its stake in Kanzhun Limited (NASDAQ:BZ) by 83.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,585,700 shares of the company’s stock after buying an additional 1,174,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kanzhun were worth $44,888,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Swedbank AB acquired a new stake in shares of Kanzhun in the first quarter worth approximately $861,000. Monolith Management Ltd purchased a new position in Kanzhun in the third quarter valued at approximately $4,340,000. WCM Investment Management LLC raised its holdings in Kanzhun by 109.3% in the third quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company’s stock valued at $54,251,000 after buying an additional 1,649,411 shares during the period. Deltec Asset Management LLC purchased a new position in Kanzhun in the second quarter valued at approximately $934,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in Kanzhun by 128.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 73,408 shares of the company’s stock valued at $1,377,000 after buying an additional 41,342 shares during the period. 60.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. CLSA assumed coverage on shares of Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target on the stock. Barclays cut their price target on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kanzhun currently has an average rating of “Moderate Buy” and an average price target of $22.50.

Kanzhun Stock Up 3.3 %

BZ opened at $12.58 on Thursday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 29.26 and a beta of 0.55. The firm’s 50 day moving average is $15.05 and its 200-day moving average is $16.28. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. The business had revenue of $263.75 million during the quarter, compared to the consensus estimate of $264.38 million. Equities analysts expect that Kanzhun Limited will post 0.47 earnings per share for the current fiscal year.

Kanzhun Company Profile

Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.